Business, 30.03.2020 23:38, salmirakayy4579

Agee Storage issued 40 million shares of its $1 par common stock at $15 per share several years ago. Last year, for the first time, Agee reacquired 1 million shares at $13 per share. Assuming that Agee retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Agee’s total paid-in capital decline if it now reacquires 1 million shares at $18 per share? (Enter your answer in millions (i. e., 10,000,000 should be entered as 10).)

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Agee Storage issued 40 million shares of its $1 par common stock at $15 per share several years ago....